Question
Exercise 16-28 Current Ratio and Quick (Acid-Test) Ratio Jordan Company provided the following information: Current assets: Cash $12,450,000 Accounts receivable 8,740,000 Inventories 8,150,000 Total current
Exercise 16-28 Current Ratio and Quick (Acid-Test) Ratio Jordan Company provided the following information: Current assets: Cash $12,450,000 Accounts receivable 8,740,000 Inventories 8,150,000 Total current assets $29,340,000 Current liabilities $16,300,000 Required: Note: Round answers to one decimal place. 1.Compute the current ratio. 2.Compute the quick (acid-test) ratio.
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Audit Accountability And Government
Authors: Fidelma White, Kathryn Hollingsworth
1st Edition
0198262329, 978-0198262329
